News Formal

Keppel offers to acquire SPH, excluding media business, in S$3.4 billion deal

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 66%

Business News News

Business Business Latest News,Business Business Headlines

SINGAPORE: Singaporean conglomerate Keppel Corp said on Monday (Aug 2) it would offer to acquire and privatise Singapore Press Holdings (SPH), ...

SINGAPORE: Singaporean conglomerate Keppel Corp said on Monday it would offer to acquire and privatise Singapore Press Holdings , excluding the newspaper publisher's media business, for S$3.4 billion.

The scheme is subject to approval by SPH and Keppel shareholders, and other conditions including regulatory approvals. SPH's CEO Ng Yat Chung said"the outcome is the result of a strategic review process that has taken place over many months"."We took the first step with the media restructuring to ensure a sustainable future for the media business, while removing its losses from SPH," said Mr Ng.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fintech company Square to buy Afterpay for US$29 billion as buy now, pay later boomsU.S. fintech company Square Inc said on Monday it had agreed to purchase Australian buy now/pay later firm Afterpay Ltd for about US$29 billion.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »